Carpet design

Is this the solution for large-scale adoption?

Blockchain technology has grown exponentially over the past few years and an unprecedented rate of adoption worldwide triggered by the current pandemic.

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Global blockchain technology market size from 2018 to 2025

It has the potential to be a vector of economic development and to have a sustainable impact from a societal and environmental point of view. The total market size is expected to reach a valuation of $ 176 billion by 2025 and $ 3.1 million by 2030 with a CAGR equal to or greater than 70% with slight variations by area (finance, sales retail, supply chain, etc.).

However, to achieve large-scale adoption and long-term sustainability, we would need to apply lessons learned from other digital technologies. One of the main lessons learned from implementing other digital technologies is to deploy design thinking to create a human-centric blockchain ecosystem.

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The evolution of blockchain | Source: Gartner

Why design thinking? This would overcome the main obstacles encountered so far in the adoption of blockchain on a large scale. By designing blockchain ecosystems that adhere to the fundamentals of design thinking, we can ensure optimal adoption, optimal interoperability, lower resistance to adoption, and high user engagement. Thinking big, acting small and implementing rapid prototyping seem particularly suited to the uncertain and volatile post-pandemic economic environment.

By spending time up front to understand and keep customer needs at the center of the development process, we could ensure long-term sustainability throughout the blockchain lifecycle and an optimized human-centric blockchain ecosystem. .